Hai Cloud Exchange got Hong Kong Money Service Operator License
On December 28, 2017, Hai Cloud Exchange (Hong Kong) Limited of Haier Financial Holdings was issued a Money Service Operator license by the Hong Kong Customs and Excise Department.
This Money Service Operator license is the second financial license of Hai Cloud Exchange got outside of Mainland China after the Money Lender’s license. With this license, Hai Cloud Exchange can carry out currency exchange and remittance services in HK.
Based on the Internet platform and demand of exchange in the market, Hai Cloud Exchange builds an advanced IT system, and a perfect compliance management system, to provide the safest, the most favorable and fastest exchange services for small and medium-sized enterprises and individuals in Hong Kong, and to build the most authentic internet currency exchange platform.
The financial service cluster of the whole industry chain, Industrial shared financial development model and a sound global fund management system of Haier Financial Holdings all become Hai Cloud Exchange’s advantages and bases to develop social businesses and oversea businesses.
Further reading
1. What is money services?
A money service means a money changing service or a remittance service.
2. What is money changing service?
A money changing service means a service for exchanging of currencies that is operated in Hong Kong as a business, but does not include such a service that is incidental to the main business e.g. retail business accepting foreign currencies in transactions or that is operated by a person who manages a hotel if the service
(a) is operated within the premises of the hotel primarily for the convenience of guests of the hotel; and
(b) consists solely of transactions for the purchase by that person of non‐Hong Kong currencies in exchange for Hong Kong currency
3. What is remittance services?
A remittance service means a service of one or more of the following that is operated in Hong Kong as a business:
(a) sending, or arranging for the sending of, money to a place outside Hong Kong;
(b) receiving, or arranging for the receipt of, money from a place outside Hong Kong;
(c) arranging for the receipt of money in a place outside Hong Kong.
